Technology Credit Union Appoints Steve Donahue as New AVP of Mortgage Origination

SAN JOSE, CA--(Marketwire - July 25, 2007) - Technology Credit Union has announced the appointment of Steve Donahue as its new AVP of Mortgage Origination. Donahue brings with him an impressive background that spans more than 25 years in the mortgage business encompassing a variety of financial service organizations, including credit unions, banks and savings and loans. At Tech CU, he will be responsible for overseeing the credit union's mortgage origination department and increasing its $725,000,000 mortgage loan portfolio.

"Steve's extensive experience and expertise in the mortgage industry, particularly in loan origination, will be a valuable asset to us as we continue to grow in this line of business and introduce new products for our members," said Ken Burns, President/CEO of Tech CU.

Prior to joining Tech CU, Donahue served as Real Estate Loan Manager for Valley Credit Union, where he helped to launch their real estate loan department, growing it to more than $140 million in assets in just 5 years and making it the most profitable department in the credit union. Before Valley, Donahue was at Meriwest Credit Union where he was in charge of loan originations.

Donahue has resided in the Bay Area since 1980 and is currently a resident of Willow Glen. He's an active member of the community, having served on several boards, including Downtown's Christmas in the Park and the City of San Jose Housing and Community Development Advisory Commission. Donahue graduated from the University of San Francisco with a bachelor's degree in business administration, and he currently holds a real estate brokerage license.

About Technology Credit Union

Technology Credit Union is a member-owned, full-service financial institution serving technology and business professionals and their families, who live, work, go to school or worship in Santa Clara, San Mateo, Contra Costa, Alameda, Santa Cruz, and San Francisco counties. Tech CU began in 1960 and with over $1.3 billion in assets, and 10 full-service branches, is now among the top 1% of credit unions in the nation.

Contact Information: Contact Information: Tawnya Lancaster Public Relations 408-205-1618 tlancaster@lancaster-group.com